The crypto market is going through a rollercoaster phase, with tokens making unexpected switches. Over the past week, most cryptos have amassed a decent growth spree.
However, on the 24-hour trading chart, cryptocurrencies appear to be struggling. Some of the key reasons for this are market uncertainty caused by the latest Ethereum ETF approval and XRP vs. the SEC.
Even major names, such as Solana and Bitcoin, are not exempt from these ripples. Let’s look at some of the best and worst-performing cryptos today.
Bitcoin
BTC, the king of cryptocurrencies, has gained 12.17% in the past week alone. However, in the past 24 hours, the coin has struggled with a 0.91% dip.
Experts expected to see Bitcoin marching its way to $65,000. However, it is currently trading at $64,342. One of the major updates surrounding BTC took place recently, as Bitcoin options worth $1.12 billion expired.
The development took place as traders expected an upcoming price correction.
Ethereum
Ethereum is in the same boat as Bitcoin, with the SEC recently approving two of its ETFs in the US. The second-largest crypto in the market has gained 11.17% in the past 7 days. On the other hand, its 24-hour trading line shows a surge of 0.28%.
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The cryptocurrency is poised to surpass the benchmark of $3,500. Aside from the SEC ETF approval, the only major development in ETH has been a breach in which attackers changed altcoins to Ethereum.
Ripple
Ripple, or XRP, is also making headlines, but for bad reasons. The crypto has lost 5.27% value in the past 24 hours after gaining a whopping 21.30% value in the past week.
It is currently trading at $0.5562 and is expected to undergo even more corrections. Except for its dip, there have been no major updates on the coin. If XRP falls below $0.520, it can spell trouble for XRP holders.
Mantle
MNT, or Mantle, is a popular Ethereum scaling solution, and its market surge is gaining attention.
In the past 24 hours, the coin has gained 11.14% in value and is currently trading at $0.8641. Its 7-day performance showcases a 24% hike, again proving its high demand.
Since the network is trying to revolutionize blockchain gaming, investors are actively trying to promote its operations. In recent days, the network has seen a sudden surge in active users.
Solana
SOL also ranks among the best-performing assets in the past week. In the past 7 days, the crypto has gained 20.67% value, while its 24-hour performance shows 3.33%.
There have been no major updates about Solana. SOL holders, on the other hand, are anticipating an upcoming bullish run for the crypto.
Pixelverse
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On the memecoin front, PIXFI has taken the market by storm. The token has gained a whopping 174.85% value in the past 24 hours.
Pixelverse, which is currently trading at $0.7016, gained 50% within an hour of its airdrop. The Telegram game has only recently hit the market, and its performance is expected to outshine the competition for a few more days.
